FS² Autobank

End-to-End Process Automation for Inbound Payments

-  Automatic Cash Application

-  Simple and Quick Adoption

-  Robust Reports, Analytics, and Metrics

-  100% SAP-integrated

“Many of clients in the Philippines and in India have asked me for a standard solution to automate their AR-processes:

 

Here it is, with FS² Autobank we offer the most comprehensive yet simple and quick to implement Accounts Receivable-automation to reduce your manual efforts and automate 90% of your accounting activities.”

Pooja Dargan

Sales & Marketing

Cash application is a part of the accounts receivable process that applies incoming payments to the correct customer accounts and receivable invoices. In order to do this, the first step is to determine where to apply the payments by matching the payments to the associated invoices. This process is often highly manual and time-consuming. 

 

In environments with a high number of payments via various means from the lockbox, bank transfers, credit cards, and other payment providers, Serrala FS² Autobank helps to completely automate the cash application process using AI-supported algorithms and rulesets to identify the payments using your bank-statements and remittance advises even if the data provided is incomplete or (at first sight) non-conclusive, such as abbreviated order numbers, deduction of FX- and bank charges and application of various discounts. 

The higher the transaction volume, the higher the efficiency gain.

This results in up to 90% automation of the cash-application task. And: The deployment usually does not require any customization or ABAP-coding and is technically done within a few days. The entire solution can be live within a month including training and test.

FS² Autobank  is part of Serrala’s O2C solution, which allows you to 

- Centralize and streamline your inbound payments

- Predicatively assess customer risk

- Ensure dispute strategies and highly automate your cash application

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